SME Groups Want Higher Threshold For Extraditions

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-04-17 HKT 12:44

Share this story

facebook

  • Business groups say people shouldn't be extradited for crimes like bribery, unless the amount involved is hundreds of millions of dollars. Photo: RTHK

    Business groups say people shouldn't be extradited for crimes like bribery, unless the amount involved is hundreds of millions of dollars. Photo: RTHK

A group that represents almost 70 business associations has offered its backing to the government's planned extradition law changes, but says suspects should only be handed over for offences punishable by prison terms of at least seven years.

The government recently set this threshold at three years behind bars, in a bid to ease the concerns of business leaders who fear Hong Kong executives will be sent across the border for a range of economic crimes.

Several types of corporate crimes have also been dropped from the list of offences that could warrant an extradition, but the move has failed to fully satisfy the business sector.

The Hong Kong Business Community Joint Conference said on Wednesday that it hopes people will not be surrendered for relatively minor business disputes, and extraditions should only be considered for serious crimes, such as murder and bribery involving hundreds of millions of dollars.

A convenor of the group, Lewis Luk, said they believe the bar should be set at crimes which attract a seven-year prison term or more in Hong Kong, saying this would offer some protection to all residents who travel overseas.

"If they commit a crime in those jurisdictions, how can we protect this group of Hong Kong citizens in this situation when they are being extradited? That is the key," Luk said.

Lawmaker Felix Chung from the pro-business Liberal Party said he would advocate the seven-year prison term suggestion during meetings of a Legco bills committee that will scrutinise the proposed legislation.

RECENT NEWS

Adyen And JCB Launch Card-on-File Tokenisation To Boost Payment Security

Adyen and JCB Co., Ltd. have launched JCB’s card-on-file (COF) tokenisation service, designed to improve the securit... Read more

Hong Kongs Cashless Future Is Closer Than You Think

A recent Worldpay report indicated that the digital wallets Hong Kong has could dominate its payment landscape by 2030.... Read more

HKMA Green Fintech Competition Open For Submissions

The Hong Kong Monetary Authority (HKMA) announced the launch of the 2025 Green Fintech Competition on 9 May 2025. It is... Read more

HSBC Launches Refreshed Hong Kong App With Smarter, Personalised Features

HSBC Hong Kong announced the launch of it refreshed HSBC HK App on 7 May 2025, set to roll out by phases beginning mid-... Read more

Chubb Life Hong Kong Launches Health Up Insurance For The Tech-Savvy

Chubb Life Hong Kong introduced the Health Up Insurance Plan (Health Up) on 7 May 2025. The Chubb Health Up Insurance d... Read more

Ant International Eyes Hong Kong IPO, In Talks With Regulators

Ant Group, a subsidiary of China’s Alibaba Group, is reportedly planning to list its overseas branch, Ant Internation... Read more